NEWS

Pinhook Flats Suggests You Find Your New Apartment Sooner than Later

To be sure, renters won’t be happy to hear that their monthly rent is projected to jump to a national average of $1,436 in 2016, up from $1,242 in 2011, according to PPR. Higher rents and declines in home ownership are helping to fuel investors’ interest in the apartment market, even from developers that usually focus on malls and offices. Construction starts in multifamily in November jumped 25.3% from the prior month, according to the Commerce Department, although construction of new multifamily units remains low on a historical basis.

By Matthew Strozier – Wall Street Journal
http://blogs.wsj.com/developments/2012/01/04/projection-rents-incomes-to-grow-together/?KEYWORDS=rental+market